L2 & L1 Adoption and User Behavior Utilizing Onchain Data
summary
Coinbase blockchain research measures adoption using on‑chain dashboards and TVL; it finds 190,000 addresses have ever used Ethereum bridges (implying ~100k people), and over $10 billion locked across bridges and alternative L1s. Arbitrum’s early spike is a meme‑coin anomaly, Avalanche and BSC gain traction via easy withdrawals, and rollups like Optimism show steady growth. User behavior notes include 45% don’t bridge back within seven days and 42% leave yield farms within 24 hours; 25% of Aave ETH users also use Aave on Polygon, revealing cross‑chain user migration and persistent tooling gaps.
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chapters (10)
- 0:00Introduction
- 1:00Context
- 2:13Data
- 4:31User Journey
- 5:31Ecosystem
- 6:31Bridges
- 7:33Capital Locked
- 9:47Onchain Applications
- 12:21Whats Next
- 14:18Questions
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